Ontario, CA – May 18, 2026 – Progressive Real Estate Partners, a leading Inland Empire, California retail brokerage firm, announced the $2,818,000 acquisition of a free-standing, single tenant 2,739-square-foot restaurant building leased to Wienerschnitzel. Located at 4605 Mills Circle in Ontario, California, the building was sold to a private investor.
Built in 1998 and renovated in 2017, the Wienerschnitzel building is located just feet from Ontario Mills Mall which features more than 200 stores boasting some of the biggest names in men’s, women’s and children’s apparel, jewelry, sporting goods, footwear and more. The mall serves more than 28 million visitors annually.
Progressive Real Estate Partners Vice President of Investment Sales Lance Mordachini and Senior Vice President and Managing Director Greg Bedell represented the buyer. David Lin of Kotai Commercial represented the seller, a private investor.
“This is exactly the type of asset we seek out for our clients — a well-located property with a creditworthy operator, below-market rent, and a clear path to upside over time,” said Bedell. “The Inland Empire retail market continues to attract significant capital, and properties with this profile near dominant retail centers don’t stay on the market long. Our deep knowledge of Ontario and the greater Inland Empire retail market was central to identifying this opportunity and executing quickly.”
Mordachini added, “Ontario Mills is one of the premier retail destinations in the Inland Empire, and assets in its shadow rarely come to market at an attractive basis. We recognized this as a rare opportunity for our client and moved quickly to make it happen.”
Lin added, “This was an opportunity to acquire a low-management, single-tenant restaurant asset with minimal landlord responsibilities in a strong trade area. The property is located on the perimeter of Ontario Mills and is easily accessible from Interstate 15 and Interstate 10.”
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire, San Gabriel Valley and Coachella Valley. The firm is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 2,000 lease and sales transactions valued at more than $2.0B in over 50 cities throughout the region. Progressive Real Estate Partners uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.